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Thomson Reuters
Sep 14 - 05:00 AM
EUR/USD - Techs Are Bullish But Rates Are Not
First appeared on eFXplus on Sep 14 - 03:00 AM
  • EUR/USD looking bullish above 100-DMA and daily Ichimoku cloud
  • Last similar break in Dec 17 saw pair 1.1825-1.2556
  • Pair last above both marks in April when EUR/USD was circa 1.2350
  • The 38.2% retracement of the drop from Feb's 1.2566 peak is 1.1780
  • Rates have changed markedly since Dec. Similar sized rally unlikely
  • 10-year yield spread has seen 50bp swing favouring US and set to widen

EURUSD daily Click here

UST/bunds Click here

Source:
Thomson Reuters IFR Markets

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